Critical Metals Corp appoints Michael Ryan as director

NEW YORK - Critical Metals Corp (NASDAQ:CRML), a mining development company specializing in critical metals and minerals, announced the appointment of Michael C. Ryan as an independent director on its board, effective March 1, 2025. Mr. Ryan will also serve as Chairman of the Audit Committee, expanding the board to five directors. The announcement comes as the company’s stock trades near its 52-week low of $2.26, having declined over 77% in the past year. According to InvestingPro, the stock’s RSI suggests oversold conditions, potentially signaling a technical turning point.

A seasoned defense leader, Mr. Ryan’s military background includes 25 years of service in the United States Air Force, retiring at the rank of Colonel. He is noted for his recent role as Deputy Assistant Secretary of Defense for European and NATO Policy at the U.S. Department of Defense, where he managed policy issues for Europe, NATO, Russia, the Middle East, Africa, and the Western Hemisphere.

Tony Sage, CEO and Chairman of Critical Metals Corp, stated that Mr. Ryan’s defense expertise and government experience are timely assets as the company progresses with the development of the Tanbreez Project in Greenland. This project is recognized as one of the largest rare earth deposits globally, with over 27% heavy rare earth elements, which are vital for defense applications. The company, currently valued at $209.55 million, faces financial challenges with an EBITDA of -$3.22 million and short-term obligations exceeding liquid assets, as revealed by InvestingPro data.

Mr. Ryan expressed confidence in the company’s vision and its strategic critical minerals portfolio, emphasizing the importance of rare earth elements in strengthening national security.

Critical Metals Corp’s Tanbreez Project in Southern Greenland is estimated to hold 4.7 billion tonnes of resources, including 28.2 million tonnes of total rare earth oxides. The company also highlighted its Wolfsberg Lithium Project in Austria as Europe’s first fully permitted mine, poised to contribute to the European market’s key lithium products.

The company’s strategic assets aim to establish Critical Metals Corp as a reliable supplier of critical minerals for defense, clean energy, and next-generation technologies in the western world. While operating with a moderate debt level, the company’s financial health score from InvestingPro indicates challenges ahead. Subscribers can access 10+ additional ProTips and comprehensive financial metrics to better understand the company’s potential trajectory.

This news is based on a press release statement and contains forward-looking statements that involve risks and uncertainties. Actual results may vary, and the company does not assume any obligation to update these statements following the date of the press release.

In other recent news, Critical Metals Corp has announced a private investment in public equity (PIPE) financing expected to generate approximately $22.5 million in gross proceeds. The company plans to issue around 4.5 million ordinary shares at $5.00 per share, along with warrants to purchase an equal number of shares at a strike price of $7.00. These funds are intended for the development of Critical Metals Corp’s pre-production mining assets and general corporate expenses. In another development, the company has appointed Mr. Steven R Parkes as its new Chief Financial Officer, succeeding Ms. Melissa Chapman. Meanwhile, Ms. Carolyn Trabuco has stepped down from her role as an Independent (LON:IOG) Director. Additionally, the Greenlandic Prime Minister’s willingness to engage in discussions with President Trump has brought attention to Critical Metals Corp’s Tanbreez project in Southern Greenland. The company confirmed the presence of high-grade rare earth minerals at this site. These recent developments highlight the company’s ongoing strategic initiatives and management changes.

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